India

    Payments & Settlements

    RBI Allows Payment Aggregators Time To Obtain Licenses

    By Editors | 31/07/2022

    Companies already providing payment aggregator services now would be allowed until 30 September 2022 to submit licence applications

    Structural Regulation

    SEBI Proposes Rules for Mutual Fund ‘Execution-only’ Platforms

    By Editors | 31/07/2022

    Operators of platforms offering execution-only services in direct plans offered by mutual funds would have to register with SEBI, AMFI or stock exchanges.

    Trading & Investment

    SEBI Proposes Regulatory Framework for Online Bond Platforms

    By Editors | 28/07/2022

    SEBI proposes in a new consultation paper that online bond trading platforms should register as stock brokers or be run by SEBI-registered brokers.

    Structural Regulation

    India: Fees, Charges Payable to SEBI Now Subject to 18pc GST

    By Editors | 26/07/2022

    Fees paid by stock exchanges, clearing corporations, depositories, intermediaries and investors in securities markets are now subject to 18% GST.

    Liquidity Risk

    RBI Imposes Restrictions on Two Cooperative Banks

    By Editors | 24/07/2022

    The RBI said depositors of the two banks may not with funds, but they may use their deposits to set off loans.

    Capital Adequacy

    RBI Adopts Four Tier Regulatory Framework for UCBs

    By Editors | 24/07/2022

    A four-tiered regulatory framework is being adopted for urban cooperative banks based on size of deposits of the banks and their area of operations.

    Payments & Settlements

    India, Indonesia to Work Towards Establishing Payment Linkages

    By Editors | 20/07/2022

    The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.

    Market Abuse

    SEBI to Extend Insider Trading Prohibitions to Mutual Funds

    By Editors | 17/07/2022

    SEBI plans to require asset managers to disclose the holdings and transactions of connected persons, as well as those of their immediate relatives, on an independent platform.

    Payments & Settlements

    RBI Grants First In-Principle Approvals for Payment Aggregator Licence

    By Editors | 17/07/2022

    Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.

    PEPs & Sanctions

    Why India Does Not Use Sanctions

    By Mathew Chemplayil | 12/07/2022

    India’s attitudes against isolating Russia arise from its strategic interests with Moscow and a long history as a recipient of sanctions, says Mathew Chemplayil.

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